President Bush's Troubled Asset Relief Program (TARP) essentially resulted in the "nationalization" of a number of banks.

Question

Quizplus · Accepted Answer

TARP involved the government purchasing troubled assets from banks, and in some cases, the government also received ownership stakes in those banks in exchange for financial assistance. This effectively led to partial nationalization of some banks, such as Citigroup and Bank of America.

President Bush's Troubled Asset Relief Program (TARP) Essentially Resulted in the "Nationalization